Central Bank revoked the license of the Buryat “BaykalBanka” – Rosbalt.RU

 The Bank of Russia revoked the license of the only regional bank Buryatia – “BaykalBanka”, according to the regulator of the site

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 “In the context of allocation of funds in the assets of poor quality BaykalBank (PAO) inadequately assessed taken in connection with the risks. After the execution of the supervisor the requirements of the appropriate assessment of the credit risk taken by the bank has completely lost its own funds “, – stated in the report of the Central Bank

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 It clarifies that the powers of the executive bodies of the credit institution in accordance with federal laws suspended. In “BaykalBanke” appointed interim administration.

 As of August 1 this year “BaykalBank” took 230 place in the Russian banking system in terms of assets.